Only a fool wants to put his money in a project that he doesn't know or understand at all. Most of these people only go along when their friends look successful in having a lot of money because of the results of crypto investments. So what they see is how much money is not what the project is.
Personally, I prefer to teach them how to fill airdrops or bounties. With this they will gradually understand how the crypto world works. Because they will definitely dig up information continuously about crypto.
Topic: Why will you invest in something you know nothing about? - page 13. (Read 2608 times)
This is funny. Who on earth wanna buy an unknown item? Just like in crypto, who wants to invest in an unknown coin? This is why self awareness, research and knowledge are the basic things that we should do in terms of investing. Also, if a particular investment works for you, doesn't necessarily mean that it will gonna work to your friend too. It's hard to force a friend to do the same if he/she lose an interest or had a lack of knowledge to a certain thing.
I only have one advice before investing.
DYOR. DYOR.
It helps a lot. I assure you.
I only have one advice before investing.
DYOR. DYOR.
It helps a lot. I assure you.
The lazy and greedy man will always do all the above without considering the consequences, he will later start whining uo and down on social media saying unexpected stories about the project thinking he is exposing them yet he is actually tellimg people how bad his decisions are
Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent
Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
It entirely depends on the risk taking capability of an individual. If someone has higher risk appetite, they may go ahead and invest in an absolutely new asset which they know nothing about it!
On the other hand, low risk apetite people, may not invest in anything new! It's not about only cryptos but anything!
So investment decision ususlly occurs based on an individual's risk appetite! Learning can happen simalteniously and gradually!
Accepted, that is why one will always have to acess his or ger risks regardless, there are calculaed risks and its fair if you have info about a project or product you can take the calculations, but without any prior info is just like following the masses or even the few
Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent
Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
We have so many people like that, their only motivation is profit, they don't even know the technology behind it, it happens because they first discovered that there is huge profit to be made from investing in Cryptocurrency, so they keep looking for new coins in the hope that they make huge profit from being an early investor.
Well, it is not a good practice to invest blindly, thus invest without knowing anything about the project especially in crypto space. Since not all the projects can be trusted because some turn out to be scam whereas others end up to be unsuccessful, it is good to read and study well about the project in order to have a fair idea on its authenticity and potentials.
It's because of the hype associated with a particular investment. If everyone is talking about it, of course they will have fear of missing out and instantly buys into it even without learning about its background. And when they lose instead of profiting, they'll think of bitcoin as a scam, when in fact, it's just the nature of bitcoin. It's trend is hard to predict and anything could happen in just a matter of few hours. And we can't prevent these from happening, hype will always be there and there'll be always someone innocent going with the FOMO.
This is funny. Who on earth wanna buy an unknown item? Just like in crypto, who wants to invest in an unknown coin? This is why self awareness, research and knowledge are the basic things that we should do in terms of investing. Also, if a particular investment works for you, doesn't necessarily mean that it will gonna work to your friend too. It's hard to force a friend to do the same if he/she lose an interest or had a lack of knowledge to a certain thing.
I only have one advice before investing.
DYOR. DYOR.
It helps a lot. I assure you.
Some people are dumb enough to just blatantly trusting someone that says a certain project will give dreamy return in a short period amount of time.I only have one advice before investing.
DYOR. DYOR.
It helps a lot. I assure you.
It's definitely a normal case in most of the countries and could explain why such scammy project still got quite the money from people.
However, it's still unbelievable that sometimes greedines could overthrow logic and common sense. Just see why there are still ponzi and multi level marketing until now? Those kind of thing still exist because people are just too dumb to realize that such a thing is just a stupid pyramid scheme.
This is funny. Who on earth wanna buy an unknown item? Just like in crypto, who wants to invest in an unknown coin? This is why self awareness, research and knowledge are the basic things that we should do in terms of investing. Also, if a particular investment works for you, doesn't necessarily mean that it will gonna work to your friend too. It's hard to force a friend to do the same if he/she lose an interest or had a lack of knowledge to a certain thing.
I only have one advice before investing.
DYOR. DYOR.
It helps a lot. I assure you.
I only have one advice before investing.
DYOR. DYOR.
It helps a lot. I assure you.
There is no need to teach anything to anyone. The blockchain will attract more people if you let it grow by itself but if you try to teach something to someone then people think that you are trying to brain wash them and may indulge in something that can put them in trouble so i don't teach anything to anyone unless someone asks for it.
I always do research before investing in any coin or project. I don't see how you can invest in something you don't know.
Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent
Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
Actually, that's the reason why someone is investing into something despite of lack of knowledge into it. They tend to be influenced by other people by means of popularity, hype, and factors of the likes. Since they are aiming into profit, they will only look into single perspective which is profit. They would disregard the risk especially if other people are also doing the same thing. Their mindset would be the same with others'. Educating them would help but the influence of the majority would still be a bigger factor. Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent
Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
Funny dude. Sarcasm.
because of the popularity when the project gets a big promotion by those who actually don't know the actual project too, with so many promotions there are at least a lot of people who later become FOMO without doing in-depth research, cases like this have happened repeatedly and nothing can be prevent them before they have lose and at that moment they will realize if indeed they want to think
Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent
Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
I would never invest in something I have no clue about, It is an excellent way to lose the very shirt off of your back. I would have to thoroughly research the potential investment first and make sure to practice my due diligence, not let my emotions get in the way which leads to making unnecessary mistakes.Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
The best way to take on a new venture is to educate yourself upon the matter first, then decide whether or not if it's worth undertaking!
Just my two cents!
This is the major reason people fall for scam, because they don't have in depth knowledge of what they are getting into which makes it easy for scammers to play on their intelligence and exploit them.
That's true, but there are many projects just badly executed, which means that while the idea was decent, the intentions were too, but it just didn't end up getting anywhere because of incompetence.People are too quickly labelling everything as a scam, while there is way more going on within the crypto space than just scammers waiting for a victim.... losing money sucks, but is not a reason to call a project a scam.
Outside the crypto space there are a lot of new found businesses failing too, either because of incompetence or there simply wasn't enough demand for what they were selling.
There are people that are like that. They dont care of what would be the result of it and just told them to invest because they think that they will ever had the same results.
Telling them to invest and if you promised them that they will be earning, the wrong part is with you telling them that they have an insured profit with cryptos in general.
Telling them to invest and if you promised them that they will be earning, the wrong part is with you telling them that they have an insured profit with cryptos in general.
Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent
Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
i agree with you, people who told their friend about crypto must teach him, or give their friend a little educations about crypto,,
then don't let their friend invest on any crypto before doing a deep research.
regards
Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent
Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
Don't let them invest in what they don't know about
how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??
I am not that sure whether someone will invest into something that they have no clue what is that project all about. If someone will do this, I guess they didn't have problem in money or they are doing it only as their past time.
All my friends are not like this so I have no problem with it as I told them first to study the crypto market before they will start to invest. I always give them clue and they will be the one to continue the research so they will be independent in the future.
People have heard that investing in cryptocurrency is profitable, so they are in a hurry to invest their money in everything. However, it seems to me that there are not so many such people now, because ICO is no longer so popular. But the main reason is still that everyone wants to make a profit and at the same time do nothing.
Mostly people are misguided and enticed for quick gains and massive profits and the new investor accepts the offer out of greed without even knowing the technicals or basics even, such a friend who is suggesting to invest is more of after his own personal gains or profits that is the only reason he is luring his friend to invest, we know that many projects offer referral comissions, while many big exchanges also have such programs, so making money as comission from someone else's money is very easy task than putting your own money in that is why many people do this.
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